Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

EWT – TATA STEEL SWING SETUP

Free nse tatasteel chart calls

Free nse tatasteel chart calls

NSE TATA has accomplished a corrective wave (B) and formed an impulsive wave (C). Wave (B) occurred at 94.45, followed by sub-waves of the impulsive wave (C).

Wave B retraced 61.8% of wave A, which shows strong rejection, and a good close above resistance can lead wave (C) above 135. Price has broken down to 50 and 100 EMA. As of now, the 200 EMA is squeezing Tata Steel, so traders can expect a retracement before it breaks out.

If the price sustains above 106.70, traders can buy for the following targets: 110 – 125 – 136+. Note, This trade setup will be invalid if the price closes below 94. Tata will gain momentum after the breakout of wave B at 110.

I will update further information soon for premium subscribers only.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

Visit here: Premium Stock Tips →
Join Today (Free): Stock & Nifty Tips

3 Comments

  1. Sir hindalco me accha profit hua he. muje lagta he tata steel me bhi same hi pattern form hui he.

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

//
//
Live Chat
< 4 min wait
//
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend